El Salvador's pro-Bitcoin president Nayib Bukele announces reelection bid

El Salvador’s pro-Bitcoin president Nayib Bukele announces reelection bid

In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term ends in 2024.

Bukele’s announcement comes even though past presidents in El Salvador were prohibited by law from having consecutive terms in office. The president highlighted that:

“Developed countries have reelection, and thanks to the new configuration of the democratic institution of our country, now El Salvador will too.”

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Overall, Bukele shows signs of solid support, as a CID Gallup poll conducted last month revealed an 85% approval rating of his presidency and 95% approval of his governance in security matters.

However, in light of the announcement El Salvadorians took to the streets in protest. Thousands of protestors pushed back against Bukele’s corruption and the

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